Business Directories

DGCX, Emaar Tech sign co-location agreement

Dubai, March 7, 2013

Dubai Gold and Commodities Exchange has signed a co-location services agreement with Emaar Technologies, a subsidiary of Emaar Properties, to provide DGCX with secure data centre space to host the exchange’s infrastructure.

The co-location service will facilitate increased security, higher availability, access to both telecom providers, lower costs and disaster recovery facility for DGCX, a statement from the company said.

Ahmed Bin Sulayem, chairman of Dubai Gold & Commodities Exchange, said: “This is an important partnership for DGCX at a time when it is poised to see increased trading volumes following the implementation of its new trading platform and the expansion of its product portfolio.”

“One of the key focuses of the service provided by Emaar Technologies is to prevent any downtime to DGCX’s business operations. This partnership will support DGCX in further developing the derivatives marketplace in the UAE and the region.”

Gary Anderson, chief executive of DGCX, said: “Our partnership with Emaar Technologies allows us to have a secured data center space to host our infrastructure which will increase the speed of transactions for our members.”

“The co-location services will support enhanced reliability and security for DGCX’s new trading platform. Partnerships with leading technology service providers like Emaar Technologies are vital to our efforts to supporting our members in optimising their trading strategies and maximising profits.”

Muzamil Abdul Karim, general manager of Emaar Technologies, said: "We are very pleased to welcome DGCX as a co-location services partner. One of the key focuses of the service is to prevent any downtime to DGCX’s business operations. This agreement is yet another endorsement of the quality and reliability of our services.”